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Best of BS Opinion: Investment for growth, a search for fairness, and more

Here is the best of Business Standard's opinion pieces for today

Algo rhythm: Digital spells money for India's BFSI companies, says report

The cost of acquiring customers through digital channels is 70 per cent cheaper, says the Google and McKinsey report

A search for fairness

Google case will be vital for competition laws

Google's Sundar Pichai joins CEOs in White House meeting on immigration

President Joe Biden's administration has requested $600 million from Congress for housing, and said it will work with cities to facilitate work permits for eligible asylum seekers

California settles with Google over location privacy practices for $93 mn

Search giant Google has agreed to a USD 93 million settlement with the state of California on Thursday over the its location-privacy practices. The settlement follows a USD 391.5 million settlement with 40 states, reached in November 2022, to resolve an investigation into how the company tracked users' locations. The states' investigation was sparked by a 2018 Associated Press story, which found that Google continued to track people's location data even after they opted out of such tracking by disabling a feature the company called location history. Our investigation revealed that Google was telling its users one thing that it would no longer track their location once they opted out but doing the opposite and continuing to track its users' movements for its own commercial gain. That's unacceptable, and we're holding Google accountable with today's settlement, said Attorney General Rob Bonta in a statement. Representatives for Google parent company Alphabet Inc. did not immediatel

Google's search defaults prey on power of habit: Expert in antitrust trial

"Search engine defaults generate a sizable and robust bias towards the default," Rangel said. "Defaults have a powerful impact on consumer decisions"

Google parent Alphabet fires hundreds from global recruitment team

Firm cut about 12,000 jobs in January, reducing workforce by 6%

DoJ pushes ahead with antitrust case against Google, questions ex-employee

The US Justice Department pressed ahead with its antitrust case against Google on Wednesday, questioning a former employee of the search engine giant about deals he helped negotiate with phone companies in the 2000s. Chris Barton, who worked for Google from 2004 to 2011, testified that he made it a priority to negotiate for Google to be the default search engine on mobile devices. In exchange, phone service providers or manufacturers were offered a share of revenue generated when users clicked on ads. In the biggest antitrust case in a quarter century, the government is arguing that Google has rigged the market in its favour by locking in its search engine as the one users see first on their devices, shutting out competition and smothering innovation. Google counters that it dominates the internet search market because its product is better than the competition. Even when it holds the default spot on smartphones and other devices, it argues, users can switch to rival search engines

Google anti-trust trial spotlights internal dispute over algorithm vs data

And now it's a key feature in a landmark antitrust trial, where the US Justice Department claims Google spends billions of dollars to stifle competition and preserve its monopoly over online search

AI, digital solutions integration to bolster BFSI: Google McKinsey report

The integration of AI with digital solutions is set to enable India's BFSI sector to unlock access to its entire spectrum of products for over 700 million internet users in the country, according to a Google and McKinsey report. Around 87 per cent of financial services seekers commence their consumer journey online, the report said, adding that nearly two-thirds find online channels more helpful for making a purchase decision over traditional channels. Approximately 40 per cent use search and about 31 per cent use online videos to help them with their decisions. The report combines analysis of Google Search trends, revealing that online demand exceeded total purchases across all product categories by 3-5 times in 2022. Credit cards, home loans and car loans were amongst the most searched products, enjoying amongst the highest growth rates in online demand, with searches focused on factors like innovative features and prices, the report, titled 'AI revolutionizes inclusion and ...

Google exploited exclusive search engine deals to maintain advantage: DoJ

Google has exploited its dominance of the internet search market to lock out competitors and smother innovation, the Department of Justice said on Tuesday at the opening of the biggest US antitrust trial in a quarter century. This case is about the future of the internet and whether Google's search engine will ever face meaningful competition, said Kenneth Dintzer, the Justice Department's lead litigator. Over the next 10 weeks, federal lawyers and state attorneys general will try to prove Google rigged the market in its favour by locking in its search engine as the default choice in a plethora of places and devices. US District Judge Amit Mehta likely won't issue a ruling until early next year. If he decides Google broke the law, another trial will decide what steps should be taken to rein in the Mountain View, California-based company. Top executives at Google and its corporate parent Alphabet Inc., as well as those from other powerful technology companies are expected to testify

Google pays $10 bn a year to maintain monopoly: US Justice Department

Dintzer said Google became a monopoly by at least 2010 and today controls more than 89% of the online search market

Google's search dominance challenged in biggest antitrust trial in decades

Google will confront a threat to its dominant search engine beginning Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest US antitrust trial in a quarter century. Over the next 10 weeks, federal lawyers and state attorneys general will try to prove Google rigged the market in its favour by locking its search engine in as the default choice in a plethora of places and devices. US District Judge Amit Mehta likely won't issue a ruling until early next year. If he decides Google broke the law, another trial will decide what steps should be taken to rein in the Mountain View, California-based company. Top executives at Google and its corporate parent Alphabet Inc, as well as those from other powerful technology companies are expected to testify. Among them is likely to be Alphabet CEO Sundar Pichai, who succeeded Google co-founder Larry Page four years ago. Court documents also suggest that Eddy Cue, a high ranking Apple executive, might be .

Google Watch 2 arriving in India with Pixel 8 series on Oct 5: Details here

Google India in a post on X (formerly Twitter) announced that the Pixel 8 series smartphone and Pixel Watch 2 will be made available in India on October 5, exclusively on Flipkart

It's Google versus US in the biggest antitrust trial in over 2 decades

Google will confront a threat to its dominant search engine beginning Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest U.S. antitrust trial in a quarter century. Over the next 10 weeks, federal lawyers and state attorneys general will try to prove Google rigged the market in its favor by locking its search engine in as the default choice in a plethora of places and devices. U.S. District Judge Amit Mehta likely won't issue a ruling until early next year. If he decides Google broke the law, another trial will decide what steps should be taken to rein in the Mountain View, California-based company. Top executives at Google and its corporate parent Alphabet Inc., as well as those from other powerful technology companies are expected to testify. Among them is likely to be Alphabet CEO Sundar Pichai, who succeeded Google co-founder Larry Page four years ago. Court documents also suggest that Eddy Cue, a high ranking Apple executive, might b

Google's dominance of search faces major challenge with US regulators

The US government is taking aim at what has been an indomitable empire: Google's ubiquitous search engine that has become the internet's main gateway. The legal attack will swing into full force Tuesday in a Washington DC federal courtroom that will serve as the battleground for the biggest US antitrust trial since regulators went after Microsoft and its dominance of personal computer software a quarter century ago. The 10-week trial before US District Judge Amit Mehta is expected to include potentially revelatory testimony from top executives at Google and its corporate parent Alphabet, as well as other powerful technology companies. Alphabet CEO Sundar Pichai, who succeeded Google co-founder Larry Page in 2019, will be among the most prominent witnesses likely to testify. Court documents also indicate one of Apple's highest-ranking executives, Eddy Cue, might be called to the stand. The case against Google mirrors the one brought against Microsoft in many ways, including the ...

Google tests AI-powered proofread feature in Gboard keyboard: Details here

According to reports from 9To5Google, the AI-powered Gboard checks the text for spelling, grammar, and punctuation errors and fixes those issues using generative AI

Putting name to stranger's face: Tech Facebook, Google didn't dare release

Engineers at the tech giants built these tools years ago but Silicon Valley did not want to move fast and break things

Google offers glimpse of Pixel 8, Pixel 8 Pro ahead of October event

According to The Verge, an American technology news website, the pictures and videos shared by Google show how much smaller the Pixel 8 is in comparison to the 8 Pro

YouTube Playables: Everything about Google's upcoming online gaming service

Playables are games that can be played directly on YouTube on both desktop and mobile devices